How to Trade Broadening Bottoms and Tops
A broadening bottom is bullish on the breakout and a broadening top is bearish on the breakout. This pattern is used by technical analysts, those who study technical analysis. Quick Notes: Also Read – How to Read and Understand Candlesticks The overall broadening pattern is bearish if it breaks below the bottom trend line or the […]
How to Use Candlesticks and Why You Should
Candlesticks are a Japanese invention thought to be developed by Munehisa Homma. Candles are used in technical analysis to identify trends and patterns in a company’s stock in more detail than just a regular line chart. They represent the emotions of traders and a more detailed look at a stock’s price. The green candlestick is […]